Speaking this morning at a NI Chamber conference in Ballymena,
Economy Minister Dr highlighted the
uncertainty and indeed apprehension around the world at the
tariffs being imposed by the Trump Administration.
She said: “The announcements made last night are deeply
regrettable. A trade war will only fuel inflation and risk
recession.”
Having already engaged with the Irish Tánaiste and the British
Trade Secretary to discuss this issue, the Minister outlined five
key asks of the British and Irish Governments.
She explained: "First, to keep the north's unique
circumstances in mind in trade negotiations and in terms of any
counter-measures.
“Second, to act in concert, and to minimise divergence
between Britain and the EU.
“Third, to provide a properly resourced advice service
for businesses so that they can understand how tariffs affect
them.
“Fourth, to improve existing trading initiatives such as
HMRC's duty reimbursement and waiver schemes.
“Finally, to bring forward an economic package that
protects our international competitiveness.”
The Minister continued: “My Department will closely
monitor the impact of US tariffs and any counter-measures. On
Monday morning I will meet with businesses and trade unions to
assess the unfolding situation, and the next steps. Our task is
to maintain the positive economic momentum that has built up over
the last few years.”
Notes to editors:
- The Minister's speech at the NI Chamber's Momentum Economic
Conference ‘Delivering Momentum in an Uncertain World' can be
accessed at https://www.economy-ni.gov.uk/articles/ministers-speech-momentum-economic-conference-3-april-2025
